Course Objectives:

- Learn how to use the concepts explained in Auditing I in the design and implementation of an audit program;

- Implement the audit program in different accounting cycles, such as sales and collection, acquisition and payment cycle, warehousing and inventory, and personnel and payroll cycle.

Course Requirements: Auditing I and Accounting.

Course Contents:

Introduction: Developing the overall audit plan and audit program

Lesson 1: Audit of the sales and collection cycle: test of controls and substantive tests of transactions

Lesson 2: Audit sampling for TOC and STOT

Lesson 3: Completing the tests in the sales and collection cycle: accounts receivable.

Lesson 4: Audit sampling for tests of details of balances – Non statistical sampling

Lesson 5: Audit of the acquisition and payment cycle

Lesson 6: Completing the test in the acquisition and payment cycle: verification of selected accounts

Lesson 7: Audit of the inventory and warehousing cycle

Lesson 8: Audit of the payroll and personnel cycle

Lesson 9: Audit of the capital acquisition and repayment cycle

Lesson 10: Audit of cash and financial instruments

Lesson 11: Completing the audit

Credits: 3